S&P 500 Hits Record High as Inflation Eases
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- S&P 500 notched a record-high close as worries about additional rate hikes eased, per Reuters' headline.
- Nasdaq rallied alongside the broad market after softer-than-expected inflation data and a drop in oil prices, per Yahoo Finance and AP News headlines.
Why it matters: Softeninmg inflation and falling oil prices eased rate-hike fears, enabling the S&P 500's record close and the Nasdaq's parallel rally — a direct tailwind for rate-sensitive tech names that led the move.
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